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After unification, real wages in Eastern Germany rose rapidly relative to labour productivity despite high and rising levels of unemployment. This substantial increase in wage levels relative to those in Western Germany is difficult to explain without recourse to models of union behaviour or...
Persistent link: https://www.econbiz.de/10005791334
Several recent studies based on 'exogenous' sources of variation in education outcomes show Instrumental Variables (IV) estimates of returns to schooling that are substantially higher than the corresponding Ordinary Least Squares (OLS) estimates. Card (1995a) suggests that these results can be...
Persistent link: https://www.econbiz.de/10005792345
An important component of the long-run cost of a war is the loss of human capital, suffered by children of schooling age who receive less education because of the war. This paper shows that in the European countries involved in World War II, children who were ten years old during the conflict...
Persistent link: https://www.econbiz.de/10005124013
action; Employment impact of the Investment Plan; Need to lay the groundwork for a balanced and sustained strategy …; INTRODUCTION; A GROWTH, INVESTMENT AND EMPLOYMENT NEXUS IN THE EU:; 1 GROWTH AND EMPLOYMENT IN THE EU; Limited growth in the EU has …; ... and the recovery is losing momentum.; Figure 1 Economic and employment in the EU: Forecasts and performances; Figure 2 …
Persistent link: https://www.econbiz.de/10011485265
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The paper explores the influence of job security provisions on employment and unemployment. We show that this influence …’ bargaining power in wage negotiations. Specifically, costs of firing and hiring reduce employment and stimulate unemployment when …
Persistent link: https://www.econbiz.de/10005124142
-run unemployment rate) and the lag structure of the employment determination, wage setting, and labour force participation decisions …
Persistent link: https://www.econbiz.de/10005114179